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TPXimpact Holdings PLC - London-based IT consulting - Acquires data science services and analytics consultancy form Peak Indicators Ltd and open data consultancy specialist Swirrl IT Ltd. Says the companies will form its AI & Data capability.
Says the price for Peak Indicators is £3.5 million with £1.4 million to be paid in cash and £2.1 million to be satisfied through 938,888 shares. Continues that the price for Swirrl is £3.2 million with £1.2 million payable in cash and £2.0 million to be satisfied through the issue of 888,888 shares in TPXimpact.
Says the additional revenue of the acquisitions puts it on track to hit its financial 2023 run-rate revenue target of GB100 million around a year ahead of plan.
Revenue for the year ending March 31, is anticipated to be in line with market expectations.
Market expectations for financial 2022 revenue are £78.8 million. For financial 2023 they are £91.2 million.
Current stock price: 200.00 pence, up 25% on Wednesday
12-month change: down 23%
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